INVEST Financial is the lowest paying financial institution in the St Pete/Tampa area. Unlike most other super low paying companies, this company is somehow thriving. If they weren’t so greedy, they could easily pay more respectable salaries and stay within their budget. However, the upper management here sincerely believes that people show up to work for reasons other than to receive a paycheck. Managers here often say that the employees don’t need to be paid fairly because they are at INVEST for “opportunity for growth,” “love of the game,” “self-fulfillment,” and other such nonsense.
Unfortunately, you’ll find no fulfillment being constantly micromanaged and only being assigned menial tasks. For example, it isn’t uncommon for a rookie employee to be assigned to spell-check and write emails for their manager. Most management here is illiterate, and grammar mistakes run rampant in company-wide email. In addition to illiteracy, you’ll find that most of the management here either doesn’t have the proper FINRA licenses to hold their position, or have lovely glamour shots on www.mugshots.com
What does this all mean? It means that the managers here can never get hired anywhere else, which of course means that you can never be promoted to management. Even if there was any room for growth here, the maximum pay increase on any promotion is 10% of your wimpy salary. This is soul crushing because if you work here, then you’re only making peanuts, and 10% of peanuts is still only peanuts.
The only good thing about this goofy place is that they will sponsor ANYONE for a Series 7 license – more... and pay for the books. Once you get your Series 7, you can walk out the door the very next day with absolutely no penalties. You owe it to yourself and your family to get paid what you are worth, so get your Series 7 and go apply to USAA, Raymond James, Merrill Lynch, Franklin Templeton, JW Cole, Transamerica, NY Life, TRowe Price, or any company in the area that respects their employees enough to pay livable wages.
So get in, get your Series 7, and GET OUT! – less